§ 12-810. Survivability of contracts and legal defenses

MD Corp & Assn Code § 12-810 (2019) (N/A)
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The forfeiture of the right to do business in the State and the right to the use of the name of the statutory trust under this title does not:

(1)    Impair the validity of a contract entered into by the statutory trust or any act of the statutory trust before or after the forfeiture; or

(2)    Prevent the statutory trust from defending any action, suit, or proceeding in a court of the State.